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The 5 Best RV Loans of 2020

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The 5 Best RV Loans of 2020

October 20, 2020
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The 5 Best RV Loans of 2020
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What Is an RV Loan?

An RV loan is a financial product designed to help finance the purchase of a recreational vehicle. RV loans are typically offered for motorhomes, fifth-wheels, travel trailers, pop-up campers, and even horse trailers in some instances.

Lenders may offer RV loans to a variety of borrowers; some RV owners live in their vehicles full-time while others only use them recreationally throughout the year. In order to find the right lender, you’ll need to decide how you plan to use your RV and choose a lender that accepts those types of borrowers.


How Are RV Loans and Car Loans Different?

While RV and car loans both provide financing for a wheeled purchase, there are many differences. For example, RV loans may include trailer-style vehicles that do not have their own engine, such as fifth-wheel trailers.

RV loans also allow for much larger loans; this…

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